WHR, CVC, CPSI, CMM, IPG, MRK are Stocks to Watch on Oct-28 Afternoon
31.12.69
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Source: Beacon Equity Research
Whirlpool Corp Earnings Cheat Sheet: Profit Up
31.12.69
Here’s Why Chipotle’s Stock Keeps Winning.
Whirlpool Earnings Cheat Sheet for the Third Quarter
Results: Net income for the appliances company rose to $177 million ($2.27 per share) vs. $79 million ($1.02 per share) in the same quarter a year earlier. This is a more than twofold rise from the year earlier quarter.
Revenue: Rose 2.3% to $4.63 billion from the year earlier quarter.
Actual vs. Wall St. Expectations: WHR reported adjusted net income of $2.35 per share. By that measure, the company fell short of mean estimate of $2.68 per share. It fell short of the average revenue estimate of $4.76 billion.
Quoting Management: “During the quarter, we experienced weaker than expected global industry demand and elevated material costs,” said Jeff M. Fettig, Whirlpool Corporation chairman and chief executive officer. “Consumers continue to show strong preference for our unmatched global brand portfolio and new product innovations, and we are beginning to see the benefits from previously announced price increases. However, our results were negatively impacted by recessionary demand levels in developed countries, a slowdown in emerging markets and high levels of inflation in material costs.”
Source: Wall St. Cheat Sheet